Cenovus Energy Inc (NYSE: CVE) on Monday, soared 1.40% from the previous trading day, before settling in for the closing price of $11.40. Within the past 52 weeks, CVE’s price has moved between $10.23 and $21.47.
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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 49.85%. The company achieved an average annual earnings per share of 9.14%. With a float of $1.27 billion, this company’s outstanding shares have now reached $1.82 billion.
The extent of productivity of a business whose workforce counts for 7150 workers is very important to gauge. In terms of profitability, gross margin is 19.34%, operating margin of 8.56%, and the pretax margin is 7.04%.
Cenovus Energy Inc (CVE) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Integrated industry stocks is more important than anything else. The insider ownership of Cenovus Energy Inc is 30.32%, while institutional ownership is 50.56%.
Cenovus Energy Inc (CVE) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 9.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 21.45% during the next five years compared to -1.85% drop over the previous five years of trading.
Cenovus Energy Inc (NYSE: CVE) Trading Performance Indicators
Cenovus Energy Inc (CVE) is currently performing well based on its current performance indicators. A quick ratio of 0.81 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 6.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.21, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.59 in one year’s time.
Technical Analysis of Cenovus Energy Inc (CVE)
The latest stats from [Cenovus Energy Inc, CVE] show that its last 5-days average volume of 13.81 million was superior to 11.38 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 29.29%. Additionally, its Average True Range was 0.74.
During the past 100 days, Cenovus Energy Inc’s (CVE) raw stochastic average was set at 20.81%, which indicates a significant decrease from 30.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.01% in the past 14 days, which was higher than the 46.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.66, while its 200-day Moving Average is $16.20. Now, the first resistance to watch is $11.78. This is followed by the second major resistance level at $11.99. The third major resistance level sits at $12.22. If the price goes on to break the first support level at $11.34, it is likely to go to the next support level at $11.11. The third support level lies at $10.90 if the price breaches the second support level.
Cenovus Energy Inc (NYSE: CVE) Key Stats
Market capitalization of the company is 21.08 billion based on 1,823,115K outstanding shares. Right now, sales total 39,611 M and income totals 2,293 M. The company made 8,359 M in profit during its latest quarter, and 89,500 K in sales during its previous quarter.
